GP pays Tk 100cr as ‘unpaid VAT’

Bangladesh Sangbad Sangstha . Dhaka | Published: 02:05, Dec 05,2019

 
 

Leading mobile phone operator Grameenphone has deposited Tk 100 crore to the national exchequer as ‘unpaid Value Added Tax (VAT)’ after a long dispute with the National Board of Revenue.

GP deposited in the last week this portion of money of the ‘unpaid VAT’ of a total amount of around Tk 700 crore unearthed through a ‘special audit’ of NBR, said officials.

Talking to BSS, a senior official of the Large Taxpayer Unit (LTU) said GP did not deposit the VAT amount during their payment to different organisations against receiving services. ‘Now, a portion of the total unpaid VAT amount was deposited by GP after the audit claim,’ he added.

The official, however, said GP raised a few observations regarding the audit although they deposited Tk 100 crore as ‘unpaid VAT’.

Meanwhile, NBR has formed a committee led by an additional commissioner of LTU to scrutinise the GP’s observations. ‘The committee would revise the audit report if any accuracy of  the GP’s observations is found,’ he added.

Replying to a query, the official said, they hope GP would pay the remaining ‘unpaid VAT’ amounting to Tk 600 crore within the shorted possible of time.

NBR officials said as per the VAT Act any organisation has to pay 15 per cent VAT during making payment against receiving any service, but GP did not pay any VAT for four years since 2015.

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